Controlled Release Fertilizers Market Size, Industry Share | Forecast 2028

The global controlled-release fertilizers market size was valued at USD 2.4 billion in 2021 and is poised to grow at a significant CAGR of 6.3% during the forecast period 2022 to 2028. In contrast to traditional fertilizers, controlled and slow-release fertilizers release nutrients gradually over a longer period of time. These fertilizers can either be created through a condensation reaction or by covering the fertilizer granules with polymers, sulfur, or other coatings. The water solubility, coating permeability, and soil temperature where the controlled and slow-release fertilizers are applied determine how long they last. Nutrients are released gradually and under controlled conditions, which promotes efficient plant growth and higher harvests.

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Controlled Release Fertilizers Market Growth Factors:
In order to be able to meet the nutrient requirement absorption of a crop, controlled release fertilizers (CRF) are fertilizers that release nutrients in a manner that is controlled. These fertilizers have the potential to improve crop quality and output, increase the efficiency of fertilizer use, and reduce potential environmental losses. The rise in fertilizer application rates in developing nations is one of the main factors anticipated to fuel the growth of the controlled release fertilizer market in the region over the course of the forecast year. The market for controlled release fertilizers is also predicted to develop as a result of the rising demand for high-value crops. Additionally, it is predicted that new advancements in controlled-release technology will temper the expansion of the market for controlled-release fertilizers. On the other hand, the timeline period's-controlled release fertilizer market expansion is anticipated to be hampered by cost incompetence. Additionally, the future growth of the controlled-release fertilizer market may be aided by the rising need to increase pasture production and crop-specific nitrogen management through precision farming. The expansion of the market for controlled release fertilizers in the near future, however, may be further hampered by the inadequate implementation of controlled-release technology.

The global controlled release fertilizers market segmentation:
1) By Product Type: Polymer coated NPK fertilizer, Polymer sulphur coated urea/sulphur coated urea, Polymer coated urea.
2) By Application: Fruits & vegetables, Cereals & Grains, Oilseeds & Pulses

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Controlled Release Fertilizers Market Regional Analysis:
The market for controlled-release fertilizers in the Asia Pacific region accounted for the greatest market share in 2020. The presence of important producers in the APAC area may be responsible for its market domination. In addition, there is a significant demand for food due to a rising population in developing nations like China and India as well as the accessibility of raw materials. Additionally, a number of government programs to increase crop output in developing nations like India and China, as well as an increase in the production and consumption of rice, contribute to the market's expansion. The growing need for fertilizer application for the growth of high-value crops may be the main cause of the increased need for controlled-release fertilizers in the North American region.

Key players' profiles in the controlled release fertilizers market report are Kingenta Ecological Engineering Group Co. Ltd. (China), EuroChem Agro Gmbh (Germany), Yara International ASA (Norway), Haifa Chemicals Ltd. (Israel), Agrium, Inc. (Canada), The Chisso Corporation (Japan), The Scotts Miracle-Gro Company (Ohio) Nufarm Ltd. (Australia), Israel Chemicals Ltd. (Israel).

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